Coinapult Receives $775k in VC Funding
Don't let anyone convince you there aren't big things happening in the digital currency space. Adding to a numerous companies that are helping make bitcoin mainstream that have received venture capitalist funding is Coinapult. The bitcoin services company has received $775k in funding from a number of investors. Those investments comes from FirstMark Capital, the Bitcoin Opportunity Corp. (run by Barry Silbert), Roger Ver, Erik Voorhees and more. The funding was raised through two rounds, and the company is expecting to use the sum to make improvements to their product and subsequently....
Related News
Coinapult's new service, Locks, frees your bitcoins from price volatility by linking them to tangible assets, such as gold. Customers who lock $1,000 worth of bitcoins today will be able to cash out $1,000 worth of bitcoins today, tomorrow, next year, whenever they like - regardless of the price of bitcoin. Coinapult is FirstMark's only Bitcoin company so far, having already backed Pinterest, Luminosity, Shopify and Riot Games. Funds raised came from two separate rounds. In addition to FirstMark, Roger Ver, Erik Voorhees and Barry Silbert's Bitcoin Opportunity Corporation contributed to a....
Coinapult, one of the biggest companies in the Bitcoin industry. When we last talked to them it was regarding the public beta launch of Locks, the ability to “lock” in your value of Bitcoin and tie it to the value of a commodity. Today, we will be talking about the funding they just received. Our Locks launch went very well. We have been developing upgrades to the website based on the initial feedback, and have already rolled out a number of improvements in our invoicing, Locks, and account interfaces. Sure, we raised a total of $775K in two seed rounds. Both rounds involved FirstMark....
Coinapult has raised $775,000 in funding from a group of notable investors and investment firms, including Barry Silbert's Bitcoin Opportunity Corp, angel investor Roger Ver and technology-focused VC firm FirstMark Capital. The Panama-based bitcoin wallet service provider raised the capital through two rounds of funding, and aims to use the money for additional marketing and product improvements. Speaking to CoinDesk, Coinapult CFO and COO Justin Blincoe indicated that the biggest benefit for his company will be the expertise of its now-solidified investor group, which he characterized as....
"Fiat" is a dirty word in the Bitcoin world, and perhaps that's not the best thing, insinuated Coinapult backer Lawrence Lenihan in a recent interview with CoinDesk. Worse, many people are offended by the idea of traditional venture capital firms getting involved in anyway, because, they say, the entrepreneurs are then not loyal to their communities but instead to the hand that feeds. While there is legitimacy to both sides of this argument, the fact is, you need money to do anything in business, and when you're pioneering as many cryptocurrency startups are, you need a lot of money....
Bitcoin storage provider and payment processor Coinapult is back online following a hack-related outage last month. Following a series of security improvements, Coinapult users can now deposit funds and 'lock' and 'unlock' their bitcoin to fiat currencies or assets. They were previously given login access on 21st March and withdrawals were re-enabled five days later. The hot wallet attack, which occurred on 17th March, resulted in the loss of 150 BTC (approximately $42,900). Coinapult announced it was halting all operations via Twitter the same day. At the time, Coinapult COO and CFO....